Wall Street News

Wall Street News

You can scroll the shelf using and keys

Obama administration will bail out Detroit from Bankruptcy

October 6, 2013 ,


Bankrupt Detroit to get $300m from US government and private business




  • The US government and and private businesses plans to pump $300m into Detroit, two months after the city declared bankruptcy, while the city owes around $18billion.
  • The funds will be used for community redevelopment, tearing down abandoned houses and redeveloping land, hiring more police and firemen and repairing transport and lighting.

What do you think?

Please keep your comments polite and on-topic.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: